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Coforge, Mphasis defy seasonality, beat Street view
Mint Bangalore
|January 24, 2026
Defying seasonal weaknesses, mid-sized information technology (IT) outsourcers Coforge Ltd and Mphasis Ltd beat analyst expectations for the October-December 2025 quarter, mirroring the trend of their mid-sized peers.
Q3 is seasonally weak due to fewer billing days.
(ISTOCKPHOTO)
On Friday, seventh-largest Coforge ended the third quarter with $478.2 million in revenue, up 3.5% sequentially and 23% on a yearly basis. As much as 90% of this growth came from retailers and manufacturers.
Eighth-largest Mphasis racked up $451.2 million in revenue in the quarter, up 1.35% sequentially and up 7.66% year-on-year, About three-fourths of its growth came from banks.
This story is from the January 24, 2026 edition of Mint Bangalore.
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